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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (25080)	8/27/2012 2:15:42 PM
From: TimF	Respond to of 85487

From that link - Even with the law, health care spending is still projected to rise rapidly over coming decades That's misleading. Government health care spending will go up because of the law, not despite it. And total health care spending will go up because of the law, unless it leaves more people uncovered then its proponents claim and/or it restricts access to care for those who are covered, at least by government money or with government subsidies, in some way. Despite Republican claims that the law is a budget buster, the Congressional Budget Office, the nonpartisan, official scorekeeper on budget matters, estimated it would actually reduce the deficit over the next 10 years. With questionable assumptions, that the CBO has to count as reality. More likely it will increase the deficit. And even if it does reduce the deficit its still something of a budget buster as it will increase government spending, while using up possible tax revenue. The amount of revenue the feds can collect is not unlimited. Add new taxes for Obamacare and you limit the ability to raise additional revenue to cover deficits and debt later, so you still hurt the fiscal situation even in the unlikely event that it modestly reduces the deficit.